General Question

honeybun35's avatar

Why would a mortgage lender make you think you're approved?

Asked by honeybun35 (976points) May 10th, 2023

The lender I was working with didn’t even tell me about my denial letter. The letter was sent out days before he even congratulated me knowing that I was never approved.

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7 Answers

Tropical_Willie's avatar

If they didn’t give a written “approval letter” – - YOU WERE NOT APPROVED !

Tropical_Willie (31124points)“Great Answer” (3points) Flag as…
honeybun35's avatar

They did give it to my realtor.

honeybun35 (976points)“Great Answer” (0points) Flag as…
KNOWITALL's avatar

Our experience was to get approval for a certain amount, then we called a realtor to show us homes in the range we gave her. (Much less than we were approved for.) We haf zero issues.

Your experience sounds very bizarre, because the lender and realtor have every reason to WANT you approved.

KNOWITALL (29688points)“Great Answer” (0points) Flag as…
SnipSnip's avatar

You were not approved if you didn’t receive a written commitment or approval letter. Sometimes these letters have an “if” .......... a condition that must be satisfied prior to going any further in the process.

SnipSnip (6773points)“Great Answer” (0points) Flag as…

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